Hello community,  

I have a question on the sale of a commercial rental property.  My client sold a commercial building that he rented to his corporations until they went out of business in 2021.  He sold the property in 2022.  Most of the time when there was an imrpovement done or a repair he would run them through his businesses they would take the expense or take the depreciation on the improvement.  Now that he sold the property it came to light that expenses that he paid personally in the last 30 years totalling $75,000 were never given to me.  These include improvements and repairs.  Can I add these as expenses of the sale now that he is selling the building or will the IRS say that these expenses and improvements should have been taken every year they occured in the past.  He never received any tax benefit from these expenses before.  Can he be denied taking them now.  Let me know what you think.

John Skouberdis